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a first league should i have to against poor region taxes if i have to collect. what happens to the millions of retirees who right now might be holding puerto ricans ons. did that kind of been be granted by the border region government? >> a big question and the great question. you mentioned earlier quarter rico is widely held investment investor client portfolios. i think it is. we get asked an awful lot of questions about puerto rico which means it is still widely held and does have implications for the existing bonds. that is one element of what many of these investors are looking for. they want to be adjudicated in new york but what does that mean? of the restricted these bonds pdjudicated in new york versus all the other $70 billion of debt that get adjudicated in puerto rico soil, one court says one thing, another court says another, who wins? the federal government has to what does that mean for existing bondholders? a lot of complexity and questions still remain until we really see the details of this particular deal. adam: what is frustrating for investors is the spe
not been asked. i will cooperate in any way that i can if i am asked. stuart: have you achieved the tax status that you requested? stuart: you will not be intimidated in this year's midterm elections. >> we are intimidated by these new rules that have come out by the irs. these new rules will shut us down as a tea party group. stuart: really? they are significant enough to shut you down? >> absolutely. from now on, we cannot have debate or candidate forums within 60 days of a general election or 30 days of a primary. we cannot put anything in an e-mail, website, we can no longer do scorecards. this is the heart of what we do. it will jeopardize our tax status. stuart: becky, thank you for joining us. >> thank you for having me on. stuart: let's get to the markets. where are we? ninety-eight minutes. we did get some employment numbers. right now, virtually no movement. the record closes 1873. a couple of stocks that we are watching for you very carefully. we saw a lot of guns. it seems to me that the market is telling people want to buy weapons that can be concealed. >> yes. stuart: you
interviewed dave camp. they will discuss, among other things, his new tax plan, and we will hear about it. stay with us here on "street smart." ♪ >> if you missed everything that happened during today's session, do not worry, in 45 seconds we will get you caught up on the only stocks you need to know about today. surging 25%cpenney after forecasting an increase in revenue. same-store sales will increase mid-singlets -- by digit percentage and gross margin will significantly improve this year. >> number nine, rbs shares down six percent as they report the biggest full-year loss since the bailout in 2008. the new ceo is trying to revive earnings by combining units, shrinking the investment bank and cutting jobs. likes number eight, blackstone. agreeing to buy 25% of gianni first half cheaper $287 million. this marks the end of a lengthy search for for saatchi family owners to find an investor. versace. motors.r six, general seven, general motors. up twober six kohl's, percent. toer jaffray continues recommend the shares and notes that the company management indicating on the inter--- earn
as well as tax increase, republicans wanting lower taxes and less of that spending. they will fight it out in the midterm elections and then we may return to budget talks and some sort of accommodation in 2015. >> john, how real is the return of the conversation about tax and interest? i say it in part because it's in some of these bills, but also because the front page of the "wall street journal," see this right here, blowout call for big tycoons that talked about the payout for people like leon black, $560 million with his income, 465 for steven schwartzman and others. i do know it's been put back in some of the bills, but this has been a policy debate we've been talking about for about five years now. >> there's a lot of momentum behind this issue. i would not expect it to pass this year. one of the things that adds to its momentum in terms of the long-term, which we really get to a tax reform discussion which is not going to be this year, is that dave camp, the republican chairman of the ways and means committee, included this interest in his tax reform bill. the administration will h
: the obama administration is rolling out its 2015 budget and singing the familiar tune. can use a tax hikes? cheryl: oil prices reversing course, down 4% after closing at the highest level in five months yesterday. commodity analyst matt smith and phil flynn saying get used to this volatility. the energy burrito and the mighty fallen coming up next. when does your work en does it end after you've expanded your business? after your company's gone public? and the capital's been invested? or wn your compan's bought another? is it over after you' given back? you never stop achieving. that's why, at barclays, our ambition is to always realize yours. coach calls her a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. cheryl: reversal of fortune in the energy it,
of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com ♪ [ male announcer ] you're watching one of the biggest financial services cpanies in the country at work. hey. thanks for coming over. hey. [ male annouer ] how did it come to be? yours? ah. not anymore. it's a very short story. come on in. [ male announcer ] by meeting you more than halfway. it's how edward jones makesense of investing. melissa: to a medical breakthrough that is so unbelievable it could make your heart skip a beat. scientists in illinois using 3-d printing to make a device that could reprays traditional pacemakers and keep your ticker beating forever? that sounds great but all the increased costs with the extended life expectancy. dr. manny alvarez with the fox news medical a-team is here. tell me how it works. >> with 3-d printings you're take a picture of the heart, create a ver
has sold assets, cut its tax rates, $20 per is aiming for share adjusted earnings up from $11.67 in 2010. saw the bays is the proud new owner of the pink star diamond. caret cut stone. the buyer defaulted. 8.3 alieneen a record dollars -- $8.3 million. there's a storm that will move across the country this week and could dump snow from kansas city to boston. it will make for a messy monday morning commute. storm has a silver lining. it is currently bringing much-needed rain to drought stricken california. isare minutes away from what forecasted to be a notable revision, lower, to fourth-quarter gdp. what will that tell the fed? was with one of the that president this morning. what is his thought on what gdp will look like? >> he mentioned the fact that we have this storm coming because that's a big issue. how much has the weather distorted the economy? we saw it in the fourth quarter a little this. how much can you take away from that? we asked charlie loss or about that. p --losser about that. you are continuing to taper if you don't know if the economy is weak because of th
-changing ideas, like this: dozens of tax free zones across new yk state. move here. expand here. or start a new business here... and pay no tax for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your businessy can qualify at start-upny.com coach calls r a team player. she's kind of special. she makes the whole team better. he's the kind of player that puts the puck, horsehide, bullet. right where it needs to be. coach calls it logistics. he's a great passer. dependable. a winning team has to have one. somebody you can count on. somebody like my dad. this is my dad. somebody like my mom. my grandfather. i'm very pround of him. her. them. melissa: okay. so it is last trading day of the month. i want to show you the stock that moved most this month. it is up 50% in the month of february. this is for evident labs. this is on the back of that $25 billion deal with actavis. forrest labs giving a little back but biggest mover for the month. >>> to illinois where one state law maker is taking on google finding himself i
," a capitol hill heavyweight tells nancy cordes about his new plan to revolutionize the tax code. >>> plus dr. david agus with the controversy over fertility treatment. does it go too far to stop birth defects? >>> we begin with this morning's "eye-opener," your world in 90 seconds. >> we saw the news that the storm was coming so we went down to the city yard to pick up sandbags. >> the west coast braces for a washout. southern californiaens loading up on supplies ahead two of pacific storms. >> many people worried about mudslides. >> water comes over, it looks like niagra falls. >> dropping temperatures from the midwest to the east, 20 to 30 degrees below normal. >> adding to the cold-weather problems, ice jams. >> you look at it and it's mass destruction. can't stop the ice. >> jan brewer won't say if she'll veto a controversial bill that allows arizona businesses to deny service to gays and lesbians. >> there's a lot of things we can bring into the state, and this just doesn't help at all in any of those. >> general motors links more deaths to a faulty ignition switch,
that are in the papers this morning. here's the wall street journal. a column by dave camp. the tax code. you can read his proposal there. the congressman is the chairman of the house ways and means committee. the washington times today, hoping for a changed view of keystone xl. paul writes in his piece that -- we will be talking about the keystone. we will be joined by the senator from north dakota to talk about the keystone and other issues. we want to take you to an associated press report. obama health insurance at 4 million is the headline there. we will be talking about the rollout of the healthcare.gov with jonathan alter who wrote a recent piece on foreign affairs in our spotlight. , behind the called aca rollout. here's a piece in the washington times on bill clinton. his message for democrats. picture of him with a kentucky democrat in louisville yesterday. himes.e talking with jim the national finance chairman of the house democrats. we will be talking about the 2014 field coming up in about five minutes or so. have a bit of time left. go to doug in wake forest, north carolina on our line f
. the number two swiss bank will put up a bill for helping american clients evade taxes. now the son is asking what exactly to the justice department so long to clamp down. ,ady dougan, c -- brady dougan ceo of credit suisse will be testifying in washington. we want to go to berlin where our international correspondent hans nichols is. with this into perspective with us because the sec began investigating this last year and are now just getting around to holding a hearing. why the lag? beenll, they have compiling this report, this committee report. we spent a lot of time with brady dougan. every quarter we go down and interview him. the question really today, tom, you know that swiss bankers are the most sophisticated people in the world. ifeel like i blunder when just say hello to them. today we find out whether or not an americann is banker or a swiss banker because he has got a tough, tough challenge. the facts don't reconcile. we have heard from in this morning they are talking about a handful of employees did this. the committee report said 1800 employees. they will have to reconcile thes
-changing ideas, like this: dozens of tax free zones across new york state. mo here. expand here. or start a new buness here... and pay no taxes fo yrs. with new jobs, new opportunities d a new tax free plan. there's only one way for your business to go. up. find out if your businessy can qualify at start-upny.com neil: yesterday we discovered a story about how american airlines has quieted ended bereavement fares. flyers who need a last minute flight because of a family member's death now have to pay full price, the media is catching up to sorry "l.a. times" we broke the story first, you viewersa the home, this is network you watch to get it first, fewer soldiers, more labels, that sums up where financial priorities lie in washington these days, president moving back to roll troop levels to where they were before world war ii, yet celal kating millions, we super size spending on almost everything else. first on military matter, good thing in bad thing? >> remember ronald reagan. strategy of the peace through strength. so you have to say, one of the prime responsibilities of the federal governme
early. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand re. or start a new business here... and pay no taxes for 10 years. and a new tax free plan. new opportunities there's only one way for your business to go. up. find out if your busins can qualify at start-upny.com neil: we are gettingyou asng this. what is te deal. well, exactly. we have made a segment out of it. a lot of youust can't stop talking out it. your chance to get something off your chest about thehow, the guest, and me. e-mail us or send us a tweet. at the end of the show don'' eat surprised if you hear me responding to you that night. consider thess comments over whether i talk too much on the sh. i never heard you interrupt so much. we already have an o'reilly. so please don't interrupt every guest that you have. and finally th, i'm done with you until you learn to shut up. and at the end of the show i'm going to let you take over. meanwhile, do you need proof that terser plotting the next attack? their gambling online to wander e money they might use for the
: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com cheryl: former irs official lois lerner pleading the fifth for the second time after being called before congress to testify. rich edson standing by from capitol hill where the fireworks erupted this morning. rich: this has been nine months in the making, this is a continuation of a hearing back in may in which lois lerner pled the fifth. talk about whether or not she gave up the right earlier in the hearings so she is back on capitol hill, we expected chairman darrell issa, lois lerner file in front of the committee for the first time in nine months. it wasn't. >> ct do cence, that is not the way to supposed to work. there are other e-mails coming out that have been requested and other individuals inside the irs are talking. it may be a special prosecutor is needed. at the end of the day t
to a significant change but you have the anniversary of the payroll tax increase and the sequester not far away, there's hope that you'll get more economic activity translating into more consumer spending although we're not sure how that will play out because we have this potentially seminal in the way people shop. >> we had a big increase in the value of homes and macy's talks about how furniture was very strong. i mean, there are lots of people who are still putting money in homes. and that seems to be the trend that a lot of these retailers have been talking about. remember, target has a nice home business. people are spending on their homes. they are. >> now, target's q-1 profit view's a little below consennious aconsenn io consennsus, and they don't know what the data breach will cost them down the road. what is your game plan on target? >> i think the yield will hold it down. it's so funny do you know what we've got this interesting market that's the opposite of how skeptical we were coming in about retail. lowe's goes up yesterday on home deem poe doing well. low they give us a good numb
progress on some sort of a national property tax. given the property tax, although it seems residential, will that have knock on effects through commercial? >> i think they've been talking about that. every year at this time, people grabbing headlines. what will pay attention to government policy? it's not surprising they've been talking about property tax. that's been anticipated for many years. i think the market has digested that. everybody expects it to be gradual. so it's important to start having property taxes. if you hold property in china, there's no property costs. if your home is sitting there empty, there's no penalty because you don't really feel hurt. that's why the worry is there are so many buildings and not being occupied and not being neutralized. and so having introduced the property tax will deal directly with that. now, continuing to hold the property if there's a tax you need to pay every month? >> highly rated u.s. companies sold more than $19 billion in debt on tuesday, the busiest day of the year. they looked to take advantage of recent rallies in u.s. treasurie
break fast. >>> coming up on "morning joe," congressman dave camp with his new tax plan that is drawing fire from both sides of the aisle. andy serwer will be us and the ice skating duomeryl davis and charlie white will join us. here is bill karins with a check on the forecast. >> no more doritos? >> we got them. >> oh, one more! >> oh! >> eat the whole thing. >> that is a step away from joe scarborough who just leaves it sitting -- >> learn from the master. >> what is the weather? >>> two storms for the west coast. the first in california yesterday and the second one is out in the pacific. this is the big one and waiting for. it's not going to end the drought but take a dent out of it. areas up there in the mountains, we could see up to four feet of snow in the mountains of california. this is much needed. we are predicting about 2 inches of rain and maybe 3 inches of rain in l.a. the most they have seen from one storm in three years. gives you the perspective of how bad this drought has been. of course, the temperatures in the northern plains. this is just brutal stuff. i mean, i know
late. thinking up game-changing ideas, like this: dozens of tax free zones across new yk state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. ere's only one way for your business to go. . find out if your business can qualify at start-upny.com afghanistan, in 2009. orbiting the moon in 191. [ male announcer ] ce it's earnedusaa auto insurance is often handed down from generation to generion. because it offers a superi level of protecon. and because usaa'commitment to serve current nd former militarmembers andheir families is without equal. begin your legacy. get an auto insurance quote. usaa we know what it means to serve. stuart: a new play in the smart phone game, boeing planes all. design a new smart phone in won't find that your local best buy. the black phone designed for high level government security contractors won't be available to civilians. it has a built-in self-destruct feature that destroys all data, makes the phone and usable with anyone tampers with. where do you want to
one direction: up so we're up early. up late. thinking up game-changing ideas, like this: doze of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunies and a new tax free plan. there's only one way for your business to go. up. find out if your business can qm sometimes they just drop in. always obvious. cme group can help you navigate risks and capture oprtunities. we enable you to reach global markets and drivforward with broader possibilities. cme group: how the world advances. >> words that ibm could start a major round of layoffs starting today, one analyst expects as many as 13,000 job cuts, charles payne follows ibm. this is one of those stories. part of it is coming from a union inside ibmm also an analyst at bernstein talking about it. it has a rumor feel to it. would the make of this? charles: any time we hear about jobs particularly good jobs being lost it is one of these not just a wall street story but the main street story and catchers everybody's attention and we're talk
money only the san franciscans can generate a tax. so we identified was it would cost us to develop and run an 18 month pilot about some thousands of dollars and we expect the dollar per day finger >> (inaudible). >> no. >> and (inaudible). >> we don't have - >> (inaudible). >> if you want to use our bus stops you have to be part of the permit program and once that's in place you have to be permitted to be part of the program. >> (inaudible). >> how much money are are we talking about and again, it's not going into the general fund to pay for administrator and $1.15 million to be the one hundred thousand figure is the afternoon for companies some are larger and small but the one-hundred 5 million will pay for the costs of a.d. administering the program. >> so did you commuter buses on - >> so the buzz the question is what's the impact been on muni services. their large vehicles and those who have ripened muni experience this we hear it from our operators sometimes those buses are delaying muni for getting to a stop to unload passengers so they dwell longer at the stops but
that is favored by republicans. president obama wants to expand the earned income tax credit for another 13 million americans. that program gives tax breaks to the working poor. the president would pay its $60 billion costs by closing loopholes for wealthier taxpayers, $300 billion for highways bridges and transit. the budget is nearly $4 trillion. that's slightly higher than the current budget. >>> the president is trying to put the middle east peace process back on track this morning, meeting with prime minister benjamin netanyahu monday. they discussed syria, iran and stalled negotiations with the palestinians. pressing netanyahu to meet a compromise. netanyahu says israel is doing its part. >> the best way is to do this is be strong. that's what the people of israel expect of me to stand strong against russia, to stand strong. >>> this morning the fight against cell phone theft is gaining some momentum. new york congressman's bill comes after a similar push in the senate. elaine quijano looks at the controversy that's also getting support from the police commiss
for managing fiduciary capital. they paid roughly 15% taxes on that. >> you are saying most of those profits came from the carried interest? >> having taken some of these top private equity managers. >> that was an income that was a shared close-out, wasn't it? >> it was. you have structured a certain category of money managers and let them get taxed at 15%. the contrast was jamie dimon this week at jpmorgan. he is essentially paying ordinary income. the women and men who manage bloomberg are just managers to pay ordinary income. >> what is the solution for you? raising the dividend tax? >> it comes into this concern of mine about income inequality and wage inequality that is an epidemic in this country. we have so isolated at handful of women and men in this economy, purposefully. we have not only tolerated they're becoming inordinately rich, but we encourage it -- >> to pick on henry kravitz as one of the names, he pays those taxes and a capital gains transaction. he does charities. i don't know which ones. he does this, that, and the other thing. is that enough? >> it is not even close to
years. >> stay with bloomberg. peter will have a live interview with the chairman of the tax writing ways and means committee. they will discuss the chairman's new tax proposal in the 4:00 hour of "street smart" only on bloomberg. coming up, more on janet yellen's testimony. u.s.l be joined by chief economist at jpmorgan when we return. ♪ lex federal reserve chair janet yellen repeated the central banks likely to keep trimming asset personages -- asset purchases. for a look at that, i'm joined here by the chief u.s. economist at j.p. morgan chase. welcome back to "bottom line." >> good to be back. >> chairman yellen said she and her colleagues will continue to monitor data to determine if recent weakness in the u.s. economy is temporary. bondlso added the purchases in her words are not on a preset course. >> i took away there is still a high hurdle to stop or pause in the tapering process. it is not on a preset course. take a different look in the labor market to stop --. if that data were to really come in below expectation, we cannot rule out a deposit the next meeting. however t
the bart board went d with the meausre - they wou not support and extenstion n alameda tax extension that would greatly benefit the system. the unions told bart directors that they only ha much campaign money - and tt they could spend it either to help convince voters to pass the tax - oro fight the strike ban - bart stands to gain or $700 million in the tax pas- ad-lib colum highlights. anchor reaction still to come....how our drt motivated an extreme makeover...that you can do plus, some california lawmakers support lowering e drinking age for wine. but's not for everyone. coming up...we'll explain. oc:"it's all ahead on face e nation" officials say a deadly knife attack ,,,,,,,,,,,, in train station in china w terrorist attack victims say a group of moren 10 people armed with long ks stormed a train station. the attackers slashed anybody ty saw. 29 people are dead and 143 others were hurt. pe killed four of the assailan. they are calling it terrori- and blaming muslim separati rescuers say about 100 good samaritans came together yesterday to help them find three people buried in a
of the nate -- april 1 tax hike. ukraine's new prime minister get straight to work on securing the bailout worth as much as 15 alien dollars as tensions -- $15 billion as tensions flare. welcome to "countdown." anna is off today. bloomberg reporters are standing by across the world ready to deliver the stories that will drive your day. john has more on what we can expect from the ecb. john dawson has the highlights from hong kong. , set toe hathaway report record profits tomorrow. latest. hyde has the later, the uk's third-biggest insurer. julian roberts will join us after the earnings break at 7:00 . hollywood make it all of the attention when it comes to movie making, but what about nigeria's film industry? we will hear from the man behind the so-called nigerian netflix. that is later. chair janetrve yellen said the central bank is likely to keep trimming asset or justice. policymakers -- asset purchases. >> what we need to do and will be doing in the weeks ahead is to try to get a firmer handle on exactly how much of that set of soft data can be explained by weather. is not mostly weath
at the pump starting july 1st. that's when the state excise tax on gasoline will drop 3 and a half cents gallon. the state board of equalization voted unanimously today to lower the tax for one year. the board is required to adjust the rate according to complex formula that balances revenue from the excise tax as well as the sales tax. now even with that slight dip in pump prisons gasoline still pretty expensive. but what if you could go hundreds thousands of miles on a single gallon of gas. not attaching. one gallon? well as jonathan found out some students at berkeley are building a car that they hope disthat. >> just 8 week this rough aluminum frame will turn ine ofs get 30 even 40 miles per gallon. >> we are aiming for maybe 1,000 or high hundreds range. >>reporter: proud tradition for the young engineers at uc berkeley competing in the shell eco-marathon held each year in texas the. race that is not about speed but endurance. >> we have an hour to did as many lap as we can. we have set amount of fuel. >>reporter: race organizers shot the video shows how they do it. speedin
: up so we're up early. up late. inking up game-changing ideas, like this: dozens of tax free zones across new york state. moveere. expand here. or start a new business here... and pay no taxes for 10 years. with new js, new opportunities and a new tax free plan. there's only one way for ur business too. up. find out if your business can qualify at start-upny.com we are thiers. the job jugglers. the up all-nhts. and the ones who turn idea into action. we've made o passions r life's work. we strive for the moments where we can s, "i did it!" ♪ we are entrepreneurs who started it all... with a a signature. legalzoom has helped start over 1 million businesses, turning drears into business owners. and we're here to help start yours. talked about companies revamping alternate tricia and labels. the fda released a new label with guidelines today. here's the old label that we would all and come to love. here is a new one. okay. this is what we are going to be seen on the shelves from now on. >> you see a big difference between these two labels? >> no, i do not. not especially. >> the cal
with a checkered history and it is a $360 million and they say, $230 million, but $360 million pre-tax the. okay. >> and you think it is important because you look at $360 million pretax fraud resulting in a $235 million after-tax writedown and it gets complex. >> it is complex. >> but related to transactions between penmax and vanimax who is a big subsidiary? >> yes, because i felt that citi is the emerging market bank, and this is the jewel of the crown, and this is a company troubled for a long time. there was a corruption investigation started february 14th, and citi does allude to that, but when you are the emerging market bank, what you want is 6% to 7% growth routine and you don't want corruption, and this is a throwback and this is a oceanographica, and it is not a company you want to be affiliated with and they can sell assets, but it is a black mark, and the stocks started trading down when the investigation began and all of the financials are weak, but this is disappointing. >> but time again we have a company admit to or accused of having trouble doing business in this specific part
are caught at the gate with oversized carry-ons, you will be taxed $25 a checked luggage fee. you may be sent back through security to check your bag at the check-in counter. this is going to cause lots of disruption, i think. >> you know, i fly a lot. people are obnoxious. but here's the deal. they want to crack down on it, lower the baggage fees which they say this is not about. if you are actually going to have a person deployed at the security check send me back because you think my bag's too big and add a half hour to my routine, i will miss the flight, is that really, if that happens, you will see people thinking maybe i shouldn't fly united because i'm afraid, i want to play it safe with american. >> i agree. it is about the fees. i have seen people practically carry on steamer trunks. it's incredible they get in. now the value to being a frequent flyer is you get to be on before everybody else so you can rush to put your bag on. it's a silly system. i agree about the fees. it's not a bad idea to enforce some limits. >> united airlines has just told phil lebeau that in fact, people wil
. how big of a problem is there? my iphone, as i understand it, someone could see all of my tax and swipes and browsing. >> absolutely. people have a general idea that these devices are impervious to hacking. they think it is possible to take them over. apple has taken care of security so you don't have to worry about that. attacks against the bones have been so low compared to the entry platform. people get the idea that they are secure. mightmight be that they be a little less careful when they install applications. flaw.l me about the >> it is a vulnerability in the operating system that allows people to break out and gain permissions on your phone. apple tries to prevent your applications from doing certain things. when you actually cap keyser numbers, they are reading that raw data. this allows the hacker the ability to do that. it can record all the thumbprints on your scanner. how big a vulnerability would that be? 7 thing laste ios flaw,plus the os x off -- it sounds really bad. >> everyone runs on iphones. most people are not running any sort of application on their mac
almost doubled just today the number of planets known to humanity. there go my taxes. some of the planets are inhabitable where it is not too cold and too hot. people are wondering what could the worlds be like? we did our own investigation. here is a look at the worlds and their inhabitants. >> new world! >> that's exciting. i want to thank nasa for helping us with that video. welcome to the show. >> thank you very much. >> it is a pleasure having you here. i am excited, kind of, about the idea of alternative universes. i often wonder does this pose moral quandries for earth? >> it depends on the relationship you want to establish with these other planets. do we want to dominate them? do we want to learn from them? basically do we want to share our love with them? are they nutritious? >> exactly my point. finally somebody speaks my language. what happens if we discover that they are delicious? >> first we love them. >> then we eat them. >> or try to have sex with them. >> that's another thing. do they have rights on other planets? i am asking you, sherrod. >> if there are any living thin
direction: up so we're up early. up late. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com you'd do that for me? really? yeah, i'd like that. who are you talking to? uh, it's jake from state farm. sounds like a really good deal. jake from state farm at three in the morning. who is this? it's jake from state farm. what are you wearing, jake from state farm? [ jake ] uh... khakis. she sounds hideous. well she's a guy, so... [ male announcer ] another reason more people stay with state farm. get to a better state. ♪ you get 4 lines on at&t's network... including unlimited talk... unlimited text... and 10 gigs of data to share. 10 gigs? 10 gigs. all for $160 dollars a month. you know, i think our family really needed this. it's really gonna bring us closer together. yep. yep. yep. yep. yep. [ family ]
infrastructure program is a nonstarter. you are not going to raise the gas tax, you are not going to restructure the corporate tax code in the near future. but if oil prices can stay where they are or go up a little bit and can fund the development of a lot of energy infrastructure, that will drive road, rail, and other transportation infrastructure we're talking about. you need a private sector impetus. dry?sentially the pot is the piggy bank is empty? >> it pretty much is. highway funding is done. vehicle miles traveled have been dropping. gas tax revenues are falling. the need for a public-private partnership. you have private money coupled with public management. why can't we get that done? >> that does happen. but the economic incentive has to be there. we start natural gas exports and crude oil exports. the prices equalize between the center of the u.s. where the crude oil piles up in barrels and the rest of the world -- you can have it better environment for private investment and international energy agency's have estimated that it is in the trillions of dollars, the infrastructure inves
such a complicated tax code, for instance, is because of these lobbying organizations. if you really wanted to get a fair tax code -- >> how do you offset the influence that unions have and left-wing organizations that soros have? >> why is it only big unions or big organizations that have a say in these things? >> no one is pooling their money together to -- >> i want to raise a question about, at some level, of the voracity of the index. at some level, there's shadow lobbying going on. and not even total lobbying numbers have come down. but you can clearly tell there's the official lobbying that we can all track, that they're tracking, but then all this stuff on the side. >> what if you hire a congressman and bring him under your wing. i thought the same thing too. it was interesting that two tobacco companies made the top of the list. >> you take this to its worst level of lobbying and how does that compare to ukraine with theically other countries, where it's pure out and out bribery. >> there's not a reason to not constantly try to be vigilant to make it a better system. >> there's no golf co
. thinking up game-changing ideas, like this: dozens of tax free zones across new york state. move here. expand here. or start a new business here... and pay no taxes for 10 years. with new jobs, new opportunities and a new tax free plan. there's only one way for your business to go. up. find out if your business can qualify at start-upny.com tdd#: 1-800-345-2550 life inspires your trading. tdd#: 1-800-345-2550 where others see fads... tdd#: 1-800-345-2550 ...you see opportunities. tdd#: 1-800-345-2550 at schwab, we're here to help tdd#: 1-800-345-2550 turn inspiration into action. tdd#: 1-800-345-2550 we have intuitive platforms tdd#: 1-800-345-2550 to help you discover what's trending. tdd#: 1-800-345-2550 and seasoned market experts to help sharpen your instincts. tdd#: 1-800-345-2550 so you can take charge tdd#: 1-800-345-2550 of your trading. >>> situation in ukraine and russia tense, jim maceda is live in moscow with the latest. hi, jim. >> reporter: the big event today was putin's command performance, hour and a half press conference that he gave here in moscow, putin called the
obama'2015 budget being sent to congress, as you mentioned. the president is proposing lower tax cuts for families. phil mattingly is here with more details on the budget. give us highlights. click that is right. we know a couple of things before it is officially released. $56 billion in new spending in this budget, a lot of it based on infrastructure, early childhood education. the white house is focused on the expansion of the tax credit, to expanded for lower income adults without children. that appeals to republicans, most notably senator marco rubio. the administration is hoping there might be some bipartisanship going forward. >> there is a notable absence of changes to entitlement programs. this is something they were willing to be flexible on. why this? >> that is right. there are no major changes to entitlement programs. they addressed social security. branch ton olive republicans. the main reason his house and senate democrats said to take it out. this is a major election year and we do not think this should be in any type of policy baseline. that is gone and officials tell
time to make contribution and have it count against our taxes. the other thing though is many times people lose money because they don't make the right moves at the right time. we sell when we should be buying and we buy when we should be selling. there are 2 newer things in the 401k world that helps people. one is target date funds. so opposed to having to make that decision or do what most people do which is look at the performance of last year and then select that fundthe target date fund allows you to say i'm going to retire in this year and chose a fund that will be allocated to the appropriate age or time frame. >>so basically if you are going to retire in the next 5 years this is the x amount of money you hope to retire with in your 401k. >>exactly. >>should you be paying somebody to make those allocationsto shuffle things around for you? >>i think for some people it's a good thing because a great decision or a series of great decisions can make all the difference in the world. a second thing we're seeing now is managed accounts in the 401k market. you pay just a little bit o
will get a slight break at the pump starting july 1 when the tax on gasoline will drop 3.5 cents a gallon. the board of equalization voted to lower the tax for a year. the board is requiring to adjust the rate accord to a complex formula. >> hope the gas tank is filled this morning because you hate getting wet in the morning. >> it will be one of the days where the boss will cut you some slack. >> here is a look at what is going on: lake tahoe is clear with the rain leaving cloverdale and toward guerneville. that is why we are seeing heavier rain in your neighborhood. we are following the batch pulling away from concord headed to pittsburg and clayton and antioch which is next. headed to 680 you can see where it meets we have light-to-moderate radar stretching up to napa all headed to the eat. it should be out are your neighborhood in the next ten or 20 minutes. you can see green if the bay area but mostly drizzle and light rain. we have lightning offshore but they will come ashore with a second wave coming at us in three hours. maybe four hours. that is the beginning of the floodgates op
million a year in tax money. >> the los angeles airport police chief says their communication system has been fixed after a glitch prevent a faster response to a government last fall. the chief says the system has been tested repeatedly since the shooting and is working properly. when the november shooting started, a screening supervisor picked up an emergency fund but no location was automatically transmitted to a dispatcher. it took 90 seconds before dispatchers knew where to send police. a woman has been placed on probation for trying to sneak through sfo and go to hawaii three times. marilyn hartz and try to get on planes bound for hawaii on february 15th 18th and 20th. the first time she made it through security and onto an airplane but was caught when the actual seek holder arrived. the second time she was caught at the security gate. the final touch was found with a discarded morning pass and was arrested. on thursday, she pleaded no contest to two counts of misdemeanor commercial burglary. hartman tells authority's that she has cancer and she wanted to go somewhere warm. >> 43 ye
, uber is charging the normal rate, 30%h at least in boston is below what taxes are. during 10% of the time, they are charging server -- search prices. uber needs to come out and say, we have got a great service. you use it and i certainly do. it is a great service. most of the time, it will be very cheap. sometimes, it is part of our business model where we will raised rices. if you cannot during that time, we understand that and you -- we hope you forgive us. come back when prices are low. that is a reasonable pricing strategy. >> i use uber. one of the things you suggest i found interesting is you think uber should consider raising prices during off-peak time, like raising the cheapest price. tell me more. >> the question is certainly, here in boston, the problem is in the current system during cream skin.you get a lot of drivers sitting on the sideline and the minute it looks go, you will get these drivers to come in and that opportunistic -- uber really needs to focus on making drivers 90% of the time are driving at the regular price, it is a possible endeavor for them. i
about the price tax. than $19worth more billion. it is hard to make that case today because they have so little revenue compared to that number. the reality is there are very few services the region $1 billion and they are more valuable than that. i could be wrong. the recent chance it could be the one service that could get to $1 billion. i do not think im. >> zuckerberg talked about to get a billions of people to the internet saying there are benefits to providing free access. had to say about the profitability of the project. ofbreak even and have a bit work to do. we are very early. that is what a lot of these partnerships are. we work with folks and it is not you will spend more than what you are making up front. what we have seen, we are highly confident will go to a point where it is profitable. >> for more now, cory johnson and i spoke to paul kedrosky as mr. as former ceo executive rosenthal. i asked him if it was worth more than $19 billion. at oneoes groaned million users a day. 72% daily active users. people are getting on the service talking about the things they are interes
that using spacex would save the federal government $1 billion in tax savings for didayers every year, and he that well sitting next to a competitor and said the current state of the market is unsustainable. >> the air force and other agencies are paying too high a price for lunch. the impact was protectable. space launch innovation stagnated, compared to competition. prices of 11 to rebels -- levels that general shelton have called unsustainable. evolvedsue is the expendable launch vehicle program, a $70 billion program that is the federal government's answer for reducing the cost of military satellite launches. dominated byt is united launch alliance because spacex, although it's trying to get a spot in the certification program, does not have the approval to do so. years held the monopoly. it's a joint venture between defense giants, lockheed martin and boeing. ceo says that he does not think that breaking up that monopoly in the name of competition will really have that big of a payoff. take a listen. >> they are important questions about how competitions will be structured. to ensure the
to spend their hard-earned tax dollars on foreign assistance and strengthen the greatest military the world has ever known. i see americans who want america to lead. [applause] my friends, i've been around a long time. and in fact, since the coolidge administration. [laughter] but i would say to you i've never seen this world in need of strong american leadership than it is today. and i believe these events, these negotiations with iran, which i hope to succeed, but i doubt, when i see the slaughter in syria, when i see the chinese asserting themselves in asia, when i see significant cuts in foreign aid and also in our defense budget, i'm worried. my final word to you, my dear and beloved friends, america and israel needs you more today than ever before. thank you and god bless. right now we are going to the conference with a discussion with an israeli journalist. on the internet, which i did not have a great knowledge about. gender wise, i am a jewish mother. after four months, they showed me what became the first internet-wide instant -- later, a company came in and bought us. overnight w
to put a measure on the june ballot that would boost sales tax. if approved, the sales tax would go up by .5% to 9.5%. the measure is expected to bring in an additional $10 million a year to help clear the backlog of projects put on hold during the recession. it includes hiring more police, street repairs and upgrades to fire stations and libraries. city officials say 65% of people in hayward support the increase. >>> 7:42. the golden state warriors may now be shooting for alternative sites for a new basketball arena in san francisco. publicly, the warriors say they are moving ahead with their plans to build a new waterfront april rena south of the bay bridge. however, today's chronicle reports a team is quietly checking out other locations in the city including the main parking lot right across from at&t park. the original proposal calls for building an 18,000-seat arena between piers 30 and 32. opponents say a basketball arena there would ruin the view of the bay. >>> 7:42. a woman in her 80s tied up in her own tome. the recent string of robberies that has an east bay neighborhood on
. use your 401 k if your job has one and roth ira. they are made with after tax money and no penalty for early withdrawa withdrawals. so say, you decide to buy a car or house. you'll be in a better position if you've been keeping your money in a roth where you can withdrawal it early personality free, plus, when you're young you're liking painely making le. for young people just out of college, investing is a great way to trick yourself into saving money you might spend. beyond that, remember when you're young you can afford to take more risk with your fort foll -- portfolio and never too soon to start contributing to your 4 o 1 k or roth. >> caller: i was looking at a stock and i wanted your opinion about it. i have $400 sitting around scott trade and i wanted to know if you think buying five shares of mastercard is a logic l idea? >> i spoke yesterday saying, we have got to pull the trigger on mastercard. we take advantage of the fact they missed one quarter. i think you're making the right move. mark in wisconsin, mark? >> caller: jim, thanks for taking my call. my question is abo
, major new supply-side pro-growth tax reform plans, that's from ways and means chairman dave kamf. and i don't understand why top republican leaders are trashing it. congressman camp will join us live tonight to talk about his plan. >>> also this even harry reid says all the well-documented stories of obamacare paying enough people are not true. really, mr. leader? he
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